GateUser-83fc62ad
vip

Recently, a gaming company has shown strong confidence in Ethereum (ETH). According to reliable sources, the company has increased its holdings by 24,371 ETH through the Coinbase Prime platform in the past 5 hours, with a total value of approximately $73.21 million. This is not the company's first large-scale purchase. In fact, since early June this year, this gaming company has been following a strategy similar to that of the well-known publicly traded company MicroStrategy, continuously accumulating ETH as a reserve asset.



As of now, the company has cumulatively purchased approximately 294,000 ETH. It is worth noting that the company's average purchase price is around $2,695 per piece. Considering Ethereum's current market price, this means the company has already gained about $91.83 million in paper profit on this investment.

This large-scale and ongoing purchase activity of Ethereum has attracted widespread attention in the market. Analysts point out that this may reflect some institutional investors' optimism about the long-term value of Ethereum, while it may also have a certain impact on the market price of ETH. However, investors should also be aware of the high volatility of the cryptocurrency market and the associated investment risks.

As more and more companies incorporate cryptocurrencies into their asset allocation strategies, we may be witnessing the emergence of a new business trend. However, whether this strategy can be sustained in the long term and its impact on the financial condition of companies remains to be further observed and analyzed.
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Share
Comment
0/400
DegenGamblervip
· 13h ago
Have you gone all in and still not gotten out of bed?
View OriginalReply0
AirdropChaservip
· 13h ago
Buy early, earn early. Buy late, Tied Up.
View OriginalReply0
BearMarketLightningvip
· 13h ago
Have fun, but don't overdo it!
View OriginalReply0
GovernancePretendervip
· 13h ago
Another one wanting to copy homework.
View OriginalReply0
0xOverleveragedvip
· 13h ago
bull coin buy the dip To da moon
View OriginalReply0
GlueGuyvip
· 13h ago
This stupid company still wants to learn how to Clip Coupons.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)